Total monthly cost of ownership
Cost to Own a Home in Ivanhoe, Texas
A $86,000 home here costs
$956per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $41,000 a year.
A standard mortgage calculator would have told you $469. The real number is $487 higher every month, 104% more than the payment most buyers budget for.
Compare Tyler County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ivanhoe from a five-year rolling sample, and with about 1,619 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Tyler County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ivanhoe against Tyler County and Texas
| Measure | Ivanhoe | Tyler County |
|---|---|---|
| Median home value | $85,500 | $138,400 |
| Median property tax | $1,390 | $1,428 |
| Effective tax rate | 1.626% | 1.032% |
| Median gross rent | $1,106 | $951 |
| Population | 1,619 | 20,084 |
The weather behind that power bill
Ivanhoe sits in Tyler County, which averages a high of 91.9°F in its hottest month and a low of 37.8°F in its coldest, with 59.1" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 2,410 cooling and 1,916 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Tyler County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tyler County
Talk to someone who works this market
These are Ivanhoe averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Ivanhoe every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ivanhoe I already own here and may sell
Common questions
How much does it cost to own a home in Ivanhoe?
A $86,000 home in Ivanhoe, Texas costs approximately $956 per month with 20% down at 7.24%. That is $469 principal and interest, $117 property tax, $57 homeowners insurance, $242 utilities and $72 set aside for maintenance.
What is the property tax rate in Ivanhoe?
Ivanhoe has an effective property tax rate of 1.626%, based on a median home value of $85,500 and median real estate taxes of $1,390. That is higher than the Tyler County average of 1.032%.
What is the average home price in Ivanhoe?
The median owner-occupied home value in Ivanhoe, Texas is $85,500, against $138,400 across Tyler County.
Is it cheaper to rent or buy in Ivanhoe?
Median gross rent in Ivanhoe is $1,106 a month, against $956 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Ivanhoe?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ivanhoe, Texas at today's rate takes a household income of roughly $41,000 a year. That covers the full $956 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ivanhoe, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Texas.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.